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121. Relief for vulnerable households with non-performing loans

The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....

122. Cyprus population reverses decline, shows growth

The population of the European Union has increased again after two years of decrease according to data published by Eurostat, the statistical service of the EU, on the occasion of World Population Day. ...

123. Proposed foreclosure reforms spark debate in Cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

124. Contentious foreclosure legislation sparks debate in Parliament

The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...

125. Micro Louis Vuitton 'OnTheGo' tote sells for $63,000

Handbags come in tons of different sizes. There are huge totes, tiny clutches, and the practical kind of purses that Queen Elizabeth used to wear in the crook of her elbow....

126. Parliament approves foreclosure law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

127. Asylum seeker returns to exceed 4,300

Returns of asylum seekers so far in 2023 have exceeded 4,370 and are significantly higher compared to last year when they were 2,353, the Minister of Internal Affairs Constantinos Ioannou has said....

128. The government's seven proposals for vulnerable individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

129. €2,500 allocated for bus stop development amid outrage

Pictures that have come to light in recent days have stirred up a wave of anger. One shows an elderly woman waiting for the bus at a shelterless stop in the July heat, leaning on a lamppost and holding her cane and shopping bags in her hands....

130. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

131. Hottest day on record

The world has experienced its hottest day on record, according to meteorologists....

132. President urges solution as foreclosure laws vote approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

133. Building land for sale by AstroBank

134. F-35 approval halted until after Vilnius

Washington’s concern over upsetting Turkey and jeopardizing Sweden’s NATO membership appears to have drawn the Greek F-35 issue into the mix, delaying the official congressional notification, Kathimerini understands, until after the Vilnius Summit in July...

135. A taste of nature: New restaurant opens at Minthis Lifestyle Resort, offering a culinary journey

136. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

137. Festival of Dreams: a unique celebration dedicated to 75 years of excellence of Porsche iconic sportscars

138. Agricultural land for sale by AstroBank

139. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

140. Cyprus launches €60 million project for bus stops

According to a report on Philenews, Cyprus is poised to witness a groundbreaking transformation in its public transportation system through an ambitious project aimed at upgrading bus stops across the island....

141. June Newsletter - Deadline for settlement of taxes through self-assessment

142. Building and agricultural land for sale by AstroBank

143. Parliament approves reduced VAT rate on first homes

The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...

144. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

145. Registered jobless numbers drop in May indicating declining unemployment

According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....

146. Another senator on board with F35 deal for Greeks

US Senator Jim Risch, the top Republican on the Senate Committee on Foreign Relations, has approved the sale of Lockheed Martin Corp’s F-35 fighter jets to Greece, adding the last signature needed before the deal can go through, Hellas Journal reported on Thursday...

147. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

148. Luxury villas for sale by AstroBank

149. EC challenges 5% VAT proposal for primary residences

Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....

150. The theatrical hypocrisy of passing the e-kalathi bill

In early March, during the Commerce Committee meeting, the first one attended by the current Minister of Energy, the committee chairman, along with all the members, to be fair, urgently requested the government to submit a bill....